Heartland Financial USA Inc., the parent company of Morrill & Janes Bank & Trust Co., has an agreement to merge with First Scottsdale Bank in Scottsdale, Ariz.
The all-cash deal is valued about $17.7 million. First Scottsdale Bank will merge into Heartland's Arizona Bank & Trust subsidiary.
"As we considered our strategic direction, including the importance of identifying a potential quality merger partner, Arizona Bank & Trust, backed by the deep resources of Heartland, stood out as an excellent…
Heartland Financial USA Inc., the parent company of Morrill & Janes Bank & Trust Co., has an agreement to merge with First Scottsdale Bank in Scottsdale, Ariz.
The all-cash deal is valued about $17.7 million. First Scottsdale Bank will merge into Heartland's Arizona Bank & Trust subsidiary.
"As we considered our strategic direction, including the importance of identifying a potential quality merger partner, Arizona Bank & Trust, backed by the deep resources of Heartland, stood out as an excellent…